Versatile Announces Stock Option Grants

TIDMVVS

Versatile Announces Stock Option Grants
FOR: VERSATILE SYSTEMS INC.

TSX VENTURE SYMBOL: VV
AIM SYMBOL: VVS

February 23, 2011

VANCOUVER, CANADA--(Marketwire - Feb. 23, 2011) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), announces
stock option grants approved by the Board of Directors.

Versatile has granted incentive stock options to employees, officers and directors of the Company, to acquire a
total of 7,122,100 common shares of the Company with vesting commencing after four months, exercisable for a
period of five years at a price of CDN $0.11 per share, subject to the approval of the TSX Venture Exchange.

Since the last stock option grant in June 2009 a total of 4,609,000 stock options have expired or been
forfeited.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of
their products. Versatile also provides information technology services for the implementation, maintenance and
security of mission-critical computer environments. Versatile has the ability to architect solutions involving
both proprietary and third party components. For more information: www.versatile.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's operations or to the environment
in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and uncertainties that are difficult to
predict or are beyond Versatile's control. A number of important factors including those set forth in other
public filings could cause actual outcomes and results to differ materially from those expressed in these
forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile
disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of
new information, future events or otherwise.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Versatile Systems Inc.
John Hardy
Chairman and CEO
1-800-262-1633
International: 001-206-979-6760

Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
www.versatile.com

NCB Stockbrokers Limited
(Nominated Adviser)
+44 (0) 20 7071 5200

The TSX Venture Exchange and the AIM market of the London Stock Exchange have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.

Versatile Systems Inc.

Versatile Systems (LSE:VVS)
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